Guyanese businessmen Nazar Mohamed and Azruddin Mohamed, the latter also a political leader of the opposition party We Invest in Nationhood (WIN), were released on bail on Friday following their arrest in connection with an extradition request from the United States. The two appeared before Magistrate Judy Latchman at the Georgetown Magistrate’s Court, where they were each granted bail of 150,000 Guyanese dollars. The case has been adjourned until November 10, when the extradition proceedings will formally resume. The court imposed strict conditions on the defendants, requiring them to surrender their passports and report to the Ruimveldt Police Station every Friday between 1:00 PM and 3:00 PM, starting November 7, 2025. Their defense team, comprising attorneys Siand Dhurjon, Nigel Hughes, and Roysdale Forde, argued that the arrest and extradition request were constitutionally flawed and beyond the jurisdiction of the Guyanese court. Dhurjon claimed that his clients were neither heard nor informed about the US charges beforehand. Forde dismissed the prosecution’s argument that the Mohameds were a flight risk, emphasizing Azruddin Mohamed’s deep-rooted interests in Guyana and his role as the presumptive opposition leader. The US charges, unveiled in early October by a federal grand jury in the Southern District of Florida, include allegations of gold smuggling, tax evasion, money laundering, and fraud. The case revolves around an alleged gold export scheme worth approximately $50 million, with US authorities claiming that taxes and royalties were evaded on over 10,000 kilograms of gold. The Mohameds are also linked to a $5.3 million gold shipment seized in Miami. Their company, Mohamed’s Enterprise, has been under US sanctions since June 2024 by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for alleged trade and money laundering practices. Both men remain in Guyana pending further developments in the extradition case.